This is a group of two women who have taken out a joint loan. Irene, the leader, is 42 years old. She is married and the mother of two children who attend school. The two children are 19 and 7 years of age. Irene has been selling cosmetic products, hair extensions, shirts, and shoes for several years. She gets her supplies at one of the markets in Benin. In hopes of increasing her turnover and to meet the demands of her customers, she requested and got a loan through Finadev in order to maximize her profit and to contribute to the education of her children. Irene is to the left in the photo.
Il s'agit d'un groupe composé de deux femmes en caution solidaire. Irène la responsable est âgée de 42ans. Elle est mariée et mère de deux enfants scolarisés. Les deux enfants ont respectivement 19ans et 7ans. Irène vend des produits cosmétiques, des mèches, des chemises et des chaussures depuis quelques années puis s'approvisionne dans l'un des marchés du Bénin. Dans le but d'accroître son chiffre d'affaire et de répondre favorablement à la demande de ses clients, elle a sollicité et a obtenu un financement à finadev en vue de maximiser son profit et de contribuer à l'éducation de ses enfants. Irène se retrouve à gauche dans la photo.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.